Orbiter Finance (N/A)

With the growth of fee costs and the ongoing slow execution of smart contracts on Ethereum, it became clear that Layer 2 solutions are able to address the problems of high gas fees and scalability on Ethereum comprising the same level of security. However, even with the new possibilities L2 solutions provide, it is still expensive and uncomfortable to transfer assets and data trustlessly between those networks using traditional cross-chain bridges. 

It aims to solve this problem, offering cheaper and faster cross-rollup transfers of assets compared to usual cross-chain bridges. On the mainnet, the bridge currently supports over 10 different L2 chain networks, including Arbitrum, Polygon, zkSync, Starknet, Base, Scroll, Linea, and others. With Orbiter crypto bridge users can save up to 6 times quicker and cheaper transactions, all underpinned by Zero-Knowledge proof technology. 

As of 2024, it has managed to secure support from a significant number of funds and investors, including OKX Ventures, Mirana Ventures, Tiger Global Management, and more, hosting a total of three private funding rounds. However, the amount of funds raised during these rounds remains publicly undisclosed.

The information about the release of the Orbiter token and retrodrop for testnet participants is currently unknown. Nonetheless, there are rumors circulating within the bridge Orbiter community about a potential token airdrop in the near future. 

Analyzing the information available in the public domain about the project, the CoinLaunch team found a few key pros and cons you need to consider before participating in the Orbiter.Finance airdrop or potential token sales.

Orbiter Finance Pros:

• Great concept of the project.
• High performance of the bridge, allowing users to transfer assets up to 6 times faster and cheaper compared to other cross-chain bridges.
• Strong community presence on Twitter and Discord.
• Over 700,000 active users, according to the OKX announcements.

Orbiter Finance Cons:

• Lack of information regarding the token in documents, yellow paper, public announcements, etc.
• Low number of top-tier funds invested in the project and lack of information regarding the amount of funds raised.
• Absence of security audits since the creation of the bridge.
• Weak performance of influencer & SEO marketing.
• Almost no public information on the project’s team and its experience.